Short Interest in Vodacom Group Limited (OTCMKTS:VDMCY) Declines By 55.3%

Vodacom Group Limited (OTCMKTS:VDMCY) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 17,304 shares, a decline of 55.3% from the June 15th total of 38,675 shares. Based on an average daily volume of 67,828 shares, the short-interest ratio is presently 0.3 days.

Vodacom Group Price Performance

VDMCY stock opened at $9.46 on Tuesday. The firm’s fifty day moving average is $9.27 and its 200 day moving average is $9.20. Vodacom Group has a 52 week low of $7.44 and a 52 week high of $10.91.

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on Vodacom Group in a research note on Monday, March 23rd. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Vodacom Group currently has a consensus rating of “Hold”.

About Vodacom Group

Vodacom Group Limited is a leading African mobile communications company offering a comprehensive range of voice, messaging, data and financial services. The company serves both consumer and enterprise markets, delivering mobile voice and data networks alongside digital solutions such as cloud computing, Internet of Things (IoT) connectivity and mobile financial services. Vodacom’s product portfolio includes prepaid and contract mobile plans, broadband internet services and a suite of digital applications designed to support e-commerce, health and educational initiatives across its markets.

Headquartered in Johannesburg, South Africa, Vodacom operates across multiple countries in sub-Saharan Africa, including South Africa, Tanzania, the Democratic Republic of the Congo, Mozambique and Kenya, with additional presence through partner networks in Lesotho and other regions.